Deutsche Bank Q1 Profit Dips - Quick Facts

4/26/2012 1:26 AM ET

German financial services giant Deutsche Bank (DB) posted a drop in first-quarter net income to 1.4 billion euros from 2.1 billion euros in the prior-year quarter, with quarterly earnings per share falling to 1.44 euros from last year's 2.13 euros a year ago.

The company stated, "We continue to pursue our strategy of reducing legacy risks and strengthening our capital position, as evidenced by our disposal of Actavis and ongoing progress on litigation issues."

In the Corporate & Investment Bank, net revenues slid 8% in the 2012 first quarter to 6.2 billion euros from 6.7 billion euros in the first quarter 2011.

Qualcomm Inc.'s former Chairman Paul Jacobs plans to acquire the chipmaker founded by his father and has approached several global investors in an effort to fund the buyout, the Financial Times reported. According to the report, Jacobs informed members of the Qualcomm board about his intention to take the company private. Qualcomm has a market capitalization of $90 billion.

Tiffany & Co. (TIF) reported fourth-quarter net earnings of $62 million, or $0.50 per diluted share, which were 61% below the prior year's $158 million, or $1.26 per diluted share. The company recorded tax-related charges in the fourth quarter of 2017 and certain impairment charges in last year's fourth...

BlackBerry has extended the term of its Chief Executive Officer and Executive Chairman John Chen through 2023. He has been heading the company for the last five years.
Chen joined BlackBerry when the smartphone pioneer was going through a troubled time. He was focused on overhauling with a special focus on diversification. BlackBerry, the former leader in the smartphone space, is now into auto m